$BTC $BTC $BTC
**BTC Alert!**
If Bitcoin fails to break through the $66,820 resistance and falls below $65,120, we could see a drop to around $60,500.
Technical Analysis:
1. **Historical Context:**
Bitcoin hit its peak 190 days ago. Since then, it has been struggling, breaking support levels but failing to break resistance, indicating weakness.
2. **Recent Developments:**
The market recently broke through $65,120, suggesting a potential shift in trend.
Future Projections:
1. **Reversal Point:**
The market might reverse at the previous high of $73,710, though this seems unlikely. A target of $90,000 is suggested as a key reversal point.
2. **Potential Fake-Out:**
If the market gets rejected at $66,820, it could fake out and drop to $60,500 before rising again toward the reversal point.
Action Plan:
1. **Monitor Key Levels:**
- Keep an eye on $65,120 and $66,820.
- A break below $65,120 may lead to a drop to $60,500.
- A break above $66,820 could lead to higher levels.
Special Tips:
- **Capital Protection:** Safeguard your capital and focus on significant market movements.
- **Research and Calmness:** Do your own research and stay calm.
- **Market Updates:** Stay informed about market changes.
**Disclaimer:** This is not financial advice; always verify trends before making trades.